Is Tianjin Global Magnetic Card a state-owned enterprise?

Yes Tianjin Global Magnetic Card Group is a limited liability company established on 200 1 1 with the authorization of the municipal government. It belongs to a state-owned enterprise. Tianjin Global Magnetic Card Group now has 9 state-owned, state-controlled and shareholding enterprises and units, including 6 wholly-owned enterprises, 1 holding enterprise/KLOC-0, and 2 directly affiliated units and institutions.